Taking on the task to figure out what kind of care a loved one may need; can challenge a family emotionally and financially. The whole process can become very stressful for everyone involved, but if it’s necessary then it’ll be worth it.
Not every family will be able to pay out of pocket for their loved ones care, some will rely on expenses being covered under Medicaid. Finding affordable assisted living that is right for your family is no simple task, but it isn’t impossible.
The following steps below will help guide you to find the right match for both your loved one and your budget.
- Outline Your Budget
A good starting point would be to figure out how much you can afford for senior living care before going to look at places. Being fully aware of your budget will help you to stay on track by only looking at the places that are realistic.
- Research thoroughly
Make sure to put enough time into doing enough research, this way you can properly evaluate any options you’re considering. Do the research and go and visit each individual place, you don’t want to decide on a place, move in and then 6 months later have to move again. This will cost a pretty penny and will add even more stress onto the whole process.
- Ask About the Cost
Some assisted living places may be willing to negotiate their facilities monthly price, not all places will keep everything set in stone. Be sure to ask the questions about any move-in incentives or whether or not they’ll be more flexible with their costs. It doesn’t hurt to try!
- Change Up the Location
It may seem crazy to consider the idea of moving a loved one to an assisted living facility in another area that is outside your own zip code. But with costs in mind, it may be cheaper to consider this option since costs will vary based on the different locations.
- A La Carte vs. Inclusive Pricing
Certain assisted living facilities offer the option for you to be able to choose the services you’d like to pay for and what ones you’ll just be able to handle yourself. Other places don’t give you this option and it’s an all-inclusive facility. If your family home is close to the assisted living center and you know you’ll be around often to help, then the A La Carte style place will probably be the best fit for your budget.
- Long-Term Care Insurance
Paying for assisted living out of pocket is very difficult and for some it’s unrealistic. Medicare or Medicaid may be able to help but they won’t always cover everything, Long-term care insurance can help to close the gap.
- Be Open to a Roommate
Be sure when doing your research to look into costs for shared rooms and costs for individual rooms. Often in assisted living facilities the cost of a room will go down if it’s shared with another resident. Making the perfect place more affordable.
If your loved one has served for our country then be sure to look into any benefits they may be entitled to. Our Veterans are offered benefits through the Department of Veteran Affairs to help with the cost of an assisted living facility.
- Look Into the Different Care Options
Ask the question, “What type of care does my loved one NEED?” Maybe they don’t need to be in an assisted living facility, they may only need a live in caretaker or independent living. Another option may be more appropriate and more affordable.